Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $168,832.32 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 6,816 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $24.77, for a total transaction of $168,832.32. Following the sale, the insider now directly owns 434,574 shares of the company’s stock, valued at approximately $10,764,397.98. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Monday, December 16th, Eagle Point Credit Management sold 4,186 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.13, for a total value of $105,194.18.
• On Friday, December 13th, Eagle Point Credit Management sold 130 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.06, for a total value of $2,997.80.
• On Wednesday, December 11th, Eagle Point Credit Management sold 3,650 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.59, for a total value of $89,753.50.
• On Monday, December 9th, Eagle Point Credit Management sold 1,241 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.18, for a total value of $31,248.38.
• On Friday, December 6th, Eagle Point Credit Management sold 4,098 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.18, for a total value of $103,187.64.
• On Wednesday, December 4th, Eagle Point Credit Management sold 647 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.11, for a total transaction of $16,246.17.
• On Monday, December 2nd, Eagle Point Credit Management sold 3,806 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.19, for a total transaction of $95,873.14.
• On Friday, November 29th, Eagle Point Credit Management sold 1,936 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.15, for a total transaction of $48,690.40.
• On Monday, November 25th, Eagle Point Credit Management sold 4,182 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.14, for a total value of $105,135.48.
• On Thursday, November 21st, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.11, for a total value of $42,034.14.

ACRES Commercial Realty Trading Up 4.2 %

Shares of NYSE:ACR opened at $15.96 on Friday. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33. The stock has a market capitalization of $123.48 million, a PE ratio of 19.00 and a beta of 2.06. ACRES Commercial Realty Corp. has a 1 year low of $9.41 and a 1 year high of $17.77. The firm has a fifty day moving average price of $16.32 and a 200 day moving average price of $15.16.

Wall Street Analysts Forecast Growth

Separately, JMP Securities boosted their price target on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the company a “market outperform” rating in a report on Wednesday, September 25th.

Institutional Investors Weigh In On ACRES Commercial Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its holdings in shares of ACRES Commercial Realty by 147.1% during the third quarter. Barclays PLC now owns 3,499 shares of the company’s stock worth $55,000 after buying an additional 2,083 shares during the last quarter. Biltmore Family Office LLC bought a new position in ACRES Commercial Realty during the second quarter worth $160,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in ACRES Commercial Realty during the 3rd quarter valued at $177,000. Finally, Ritholtz Wealth Management boosted its holdings in ACRES Commercial Realty by 17.0% in the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock valued at $267,000 after purchasing an additional 3,043 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

ACRES Commercial Realty Company Profile

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities.